3% ASSUMABLE LOAN! In the Resort-style, GATED community of Esplanade at Starkey Ranch located in Odessa, FL, is this move-in ready ROMA floor plan, WITH HEATED POOL, built in 2017, by Taylor Morrison. Situated closely to BOTH front/back gates and walking distance to the resort-style amenity center, this 2 bedroom + bonus room, 2 full bathroom home, is sure to please. The exterior screams luxury with tile roof, mediterranean design, and fresh Florida landscaping. Its like walking through your own nature preserve as you come up to the side entry door. Once inside, take note of the 8 ft doors, beautiful crown molding in the tray ceilings and the 5 1/4 inch baseboards. Modern and sleek luxury laminate flooring has been placed throughout the entire home- NO CARPET. Open floor plan allows easy entertaining and conversation. The large living space with high ceilings is cozy and full of natural light between the windows and the triple panel sliding glass doors with motorized privacy shades. All windows have plantation shutters for added elegance. The primary bedroom is located in the back of the home for privacy and offers a bay window to relax and view the pool. Tray ceiling and ensuite with dual sinks, stylish quartz countertops, walk-in shower with glass doors and decorative tile design, and spacious walk-in closet with custom wood shelving. The kitchen is light and bright with not only a picturesque window, but high level quartz counter tops, under cabinet lighting, soft close drawers , wood drawer pull-outs, upgraded stainless steel appliances/gas range, and modern glass backsplash. There are added electrical outlets above the cabinets as well as throughout the home. Down the arched hallway you have a bonus room to the left that can be an office, a den, a playroom, or whatever you desire. There is a stunning full bath to your right with entry from the hallway and the 2nd bedroom. Beautiful light tiled walk-in shower with glass door is perfect for guests. The laundry room with utility sink is right inside from the garage door and has had cabinets placed for additional storage. The EXTENDED 2 car garage provides extra overhead storage. Water softener with purifier is in place. There is a pull down garage screen for summertime enjoyment and the garage door is insulated which allows cooler temps. All closets have custom wood shelving. Your outdoor oasis awaits you. Pebble-Tec POOL with bowled water features, state of the art electric pool heater and lights for a colorful evening are just a few incredible upgrades. Newer upgraded screen enclosure (2024), pool vacuum, extra hose bib for convenience, and extra exterior electrical outlets. The outdoor kitchen finishes this one-of-a-kind home off featuring sink, granite counter top, a Twin Eagles GAS grill hooked-up to house, a Sedona refrigerator, and stainless steel drawers/cabinets. Outdoor fan. Exterior is prewired for security cameras. A few community amenities include: pool, hot tub, outdoor kitchen, tennis courts, shuffleboard, places to gather and a fire pit. You get to enjoy the master community amenities of Starkey Ranch which includes: the district park, public library, Starkey K-8 school, and miles of biking/hiking/walking trails throughout the area. Grocery, medical, food and entertainment are all close by. Easy access to interstate for travel to Tampa International Airport or Clearwater/St. Pete Airport. Click on the links for the visual walk through and video.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
